Region VoLL

Units: $/MWh
Mode: Input Only
Multi-band: False
Default Value: 10000
Validation Rule: Any Value
Key Property: No
Description: Value of lost load (VoLL)
Detail:

Region VoLL is the value of lost load or shortage cost when the system has Unserved Energy, which occurs when the Load exceeds the Generation.

Example

Region Property Value Units Date From
PG&E VoLL 190 $/MWh
PG&E VoLL 240 $/MWh 1/01/2003

Note that in order to prevent unserved energy being chosen as an economic option ahead of generation the simulator uses a different value of VoLL internally. This is controlled by the Transmission Internal VoLL property.

See also: